I don't get it part 3

Carrol Cox cbcox at ilstu.edu
Wed Apr 19 17:50:38 PDT 2000


Miles Jackson wrote:


>
> Yes, the rate is fixed--if you never miss a payment. Miss one payment,
> the rate jumps.

There is a sneaky way of catching even those who pay up every month -- change the date the bill is sent out. That catches people who put the bills in a pile to pay at the end of the month. Of course that only works once -- and probably is used not by mastercard or visa issuers but by dept. stores that issue their own credit cards.

Carrol



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